With both the US Fed and the Bank of England keeping their benchmark rates unchanged, markets heaved a sigh of relief. The Fed chairman went further to reassure investors of its preparedness to respond to any recessionary threats.
This helped to calm global commodity markets after a very choppy day. In the domestic markets, a slip of the Naira in the parallel market to N361/$ was widely ignored by traders with no impact on domestic commodity prices.
In the slides, these issues were discussed by analysts at the FDC Think Tank on Channels TV Business Morning programme today.
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